In Missouri and across the country, many department store moguls are closing their doors due to economic crises. For many business owners, filing for bankruptcy is a valuable tool that can help eliminate debt while laying the groundwork for a stronger financial...
Bankruptcy
How does bankruptcy handle personal loans?
Money can cause a range of feelings in different people. Some may feel that the amount of money they have means that they are successful, and others may not feel that money is the most important thing in the world. Still, if Missouri residents are struggling with...
The role of the bankruptcy trustee
Pursuing personal bankruptcy can provide a Missourian with the fresh financial start he or she needs and deserves by discharging many debts. However, in order to succeed on a bankruptcy petition, an individual has to closely follow the law. This requires a thorough...
How will bankruptcy impact your financial plans?
Chapter 13 Bankruptcy is one way for Missouri residents to get control over their finances. However, if people are not careful, the holiday season can overwhelm debtors once again. Understanding the limitations of a financial situation is very important to remain...
Qualifying for Chapter 7 or 13 bankruptcy
When Missouri residents realize that their expenses and debts are far outweighing their income and they no longer have the ability to make ends meet, they may find themselves considering filing for bankruptcy. Many people across the country choose this option as a way...
Understand the difference between Chapter 7 and 13 bankruptcy
Missouri residents may be surprised to hear that around a million businesses and people file for bankruptcy every year. Federal bankruptcy law allows people to file twice in a lifetime to get some relief from their debt. However, there are certain qualifications that...
Does Chapter 13 discharge your debts?
Many people in Missouri struggle with debt. Mortgages, credit card bills, medical bills and other forms of debt can pile up and gather interest quickly, overwhelming your ability to pay them off. Once you're overwhelmed by debt, it can be nearly impossible to get out...
New rules would give debt collectors more ways to contact people
One of the worst things about being in debt for many people is being hounded by creditors. Many creditors hire debt collection agents who harass debtors with frightening letters, angry phone calls and other high-pressure tactics.Now, the Trump administration is trying...
Does Chapter 7 require people to sell everything they own?
Chapter 7 is often known as liquidation bankruptcy because it requires the filer to sell some assets in order to satisfy some of the outstanding debt to creditors. Many people are intimidated by this liquidation aspect of Chapter 7, thinking it will leave them nearly...
Basic process for starting a Chapter 7 Bankruptcy proceeding
There are many big purchases that people in Missouri have to make during their lives. It could be purchasing a car, a house, paying for a vacation, a wedding and other things that the people like to purchase. However, sometimes unexpected things occur and people incur...